Rising crude oil prices spell triple-whammy setback for India

Rising crude oil prices spell triple-whammy setback for India

The surge in oil prices couldn’t have come at a worse time for India. Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the...
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Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in s...
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No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

Assessment should not be made based on hypothetical situation concerning crude prices, said Mr Jaitley. New Delhi: Finance Minister Arun Jaitley today said the fiscal situation should be comfortable next financial year and there are no worries at the moment r...
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Need affordable oil prices for masses: Pradhan to producers

Need affordable oil prices for masses: Pradhan to producers

Petroleum Minister Dharmendra Pradhan has asked oil producing nations to price crude oil at “reasonable” levels to ensure availability of fuel to Indians at affordable rates. Addressing a plenary session on ‘Supply and Demand Challenges for Oil, Gas and ...
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Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Singapore: Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.3 percent. Japan’...
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Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Singapore: Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.3 percent. Japan’...
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